HMRC have decided that they will not accept credit card payments after 13th January 2018 which is undoubtedly going to cause some tax payers cashflow problems when they receive their tax bill following their online return being processed

Tax return completed on time and just waiting for the tax man to confirm how much you owe before settling your bill on your credit card?  This year you may be in for a nasty surprise as HMRC no longer allow tax payers to pay their tax bill on plastic.

Official figures last year reported that 454,000 tax payers paid their tax return using personal credit cards with tax payments totalling £741m.  Of course many of these tax payers used cards as a convenient way to pay their bill without having to sign in to online banking or dust off their cheque book.

Many however used credit cards to give themselves longer to pay or to spread their payments over a longer period.

Following the new ban on credit card charges the HMRC have decided that they will not accept credit card payments after 13th January 2018 which is undoubtedly going to cause some tax payers cashflow problems when they receive their tax bill following their online return being processed.

The team at Elite Corporate solutions work with a number of lenders who can help by providing funds immediately that can be paid back whenever fits with your cashflow from one month to one year.

If you or your client requires some short term cashflow assistance from £3,000 to £350,000 contact the team at Elite Corporate Solutions today.

For more information contact us now on 01482 635400 or click here

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